Posted: Thu Dec 04, 2008 10:51 am Post subject: annuity help please!!!!
I have a client that wants an annuity, but I do not know a whole lot about them, any information on them would be greatly appreciated. Especially the best company to go through!
i'm sure gary will see the subject and jump in soon...he is the definate expert in that category...if he doesn't respond in by the middle of the day (thursday 12/4) shoot me a pm and i'll see if i can find him...please wait until you get info from him though there are sooooo many different kinds...and some are realllllllllllllly bad.. _________________ **************************************
Life gaurantees a chance NOT a fair shake
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FIND a way EVERY day to lighten the load of another
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As long as the word FIXED, Fixed, fixed precedes the word ANNUITY your client's money will be protected from loss.
Can anyone name just one (1) person who has lost any money in a FIXED annuity?
If the word VARIABLE, Variable, variable precedes the word annuity then the client's money is AT RISK by being directly invested with the day traders playing stocks like a flea market swap meet.
Variable Annuities are SOLD by broker-dealers and their registered representatives who had to get an insurance license to sell the infamous bloated pig with lipstick with little or no insurance training.
Insurance Agents don't sell Variable Annuities because they violate the Safety of Principal protections inherent in ALL annuities EXCEPT Variable Annuities. _________________ Gary Spicuzza, *SAFE
Copyright 1956.
No rights reserved.
*Self Appointed Financial Expert
thanks gary, not sure if OP needs this but would you recommend some companys that have what you would consider good plans as well as solid reputations for annunitys? _________________ **************************************
Life gaurantees a chance NOT a fair shake
**************************************
FIND a way EVERY day to lighten the load of another
**************************************
Because of the Stock Broker Wheeler-Dealer day traders playing stocks like a flea market swap meet with people's life savings.
2009 will be ushered in with a multitude of lawsuits against Broker-Dealers and their Registered Representatives who knew or should have known the inappropriate risk posed to their 70 year old plus client's.
Where's Chris Cox and "Proposed SEC rule 151A" when we need him?
Mr. Cox, how 'bout cleaning up your own septic tank? _________________ Gary Spicuzza, *SAFE
Copyright 1956.
No rights reserved.
*Self Appointed Financial Expert
See THIS LINKY.
This story originally aired on Dateline NBC on April 13, 2008.
Quote:
When he was 72 years old, Leo bought something called an "equity indexed annuity." It's a legitimate investment for some people, and sales have soared because insurance companies market them as a safe place to put your money.
What are they? They're called "indexed" because they're tied, in part, to the stock market. If stocks go up, you gain some.
But the best part is if stocks go down, the insurance company guarantees you won't lose.
That's right Chris Hanson let's state that last sentence AGAIN:
"But the best part is if stocks go down, the insurance company guarantees you won't lose."
Then there's Chris Hanson's "secret weapon" his Aunt Alice!
Quote:
Aunt Alice has volunteered to help me find out if insurance agents will level with a widow in her 70's when they try to sell so-called equity-indexed annuities.
Hmmmmmm, video editing is a hobby of mine.
Hey,... Chris, I'm curious how much money has Aunt Alice has lost in the stock market over the past 8 weeks? 40%? How about doing another "special" on the millions of Seniors who haven't lost one dime of their life savings in either Traditional FIXED Annuities or FixedIndexed Annuities?
Oh, by the way, for FULL disclosure FIXED annuities have exactly one (1) negative feature....the surrender charge schedule AND insurance agents earn a commission for selling...get this...INSURANCE!
However, annuities aren't designed for someone to put their money in and take in right back out. _________________ Gary Spicuzza, *SAFE
Copyright 1956.
No rights reserved.
*Self Appointed Financial Expert
I SAW THAT PIECE!!! I dig Chris he's also the pedifile sting guy...the way he feeds them the rope, and then ''SNAP'' right around their necks and in a hurry...gotta love love love it! _________________ **************************************
Life gaurantees a chance NOT a fair shake
**************************************
FIND a way EVERY day to lighten the load of another
**************************************
I didn't see it, but, I heard about it and watched the online version.
It was the typical video edited sound bite media designed to sell commercial time to advertizers of their show.
Poor Aunt Alice though, had she listen to the life insurance agent and put her money with him in the Fixed Indexed Annuity on April 13th 2008 rather than listen to her nephew and his stock broker wheeler dealer she wouldn't have lost 40% of her savings.
I'm still waiting for an answer to my previous question:
Can anyone name just one (1) person who has lost any money in a FIXED annuity? _________________ Gary Spicuzza, *SAFE
Copyright 1956.
No rights reserved.
*Self Appointed Financial Expert
I'm still waiting for an answer to my previous question:
Dude...who argued with you about that? _________________ **************************************
Life gaurantees a chance NOT a fair shake
**************************************
FIND a way EVERY day to lighten the load of another
**************************************
oh gary gary gary, i feel bad for your wife, your spoiling for a fight and not getting one ..... _________________ **************************************
Life gaurantees a chance NOT a fair shake
**************************************
FIND a way EVERY day to lighten the load of another
**************************************
help me i'm blind, i can't see, i've been blinded by gary's statistics again, thank heavens i can type without looking, thank you Mr. Ray...(highschool typing teacher)..oh my eyes! oh wait, that was a pen i stuck in them myself! _________________ **************************************
Life gaurantees a chance NOT a fair shake
**************************************
FIND a way EVERY day to lighten the load of another
**************************************
I agree with Gary, if I wanted to invest in the stock market I would trade stocks. I would be getting an annuity to secure my future, I will inform my clients that index annuities exist then immediately tell them to that I do not recommended them.
Where's Chris Hanson when we need him? 
